Sunday, September 9, 2007

Iraq increasing oil output?

Iraq, eventhough being war-torn & having super-high daily casualties, wants to increase its oil production to 3 million bpd (barrels-per-day). Its current production now stands @ 2.5 million bpd.



In about 10-years, the production can be upped to 6 million bpd. Iraqi Oil Minister Hussein Shahristani also mentioned that there are @50 discovered fields still awaiting developments. Wow!!!


So, NEVER let those photos of ravaged cities, people dying and burnt buildings fooled you about Iraq.
It is a RICH oil-producing country with TREMENDOUS WEALTH & POTENTIAL.




Thus no wonder lah, even the uninvited guests want to continue staying there...........to continue reaping the wealth of the country.
As Metallica puts it, "SAD but TRUE".

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